Money Minute Thursday 5 September: new car registrations
In today's Money Minute we look at new car registrations for August, plus the weekly jobless numbers from the US.
In the UK, we get data on new car registrations for August.
In July, new car registrations were down by 4.1% year on year.
One factor boosting car sales in recent years has been the flood of payouts from the PPI scandal.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
With the deadline for PPI claims now passed, car sales may continue to struggle.
In the US, we get the weekly jobless claims numbers.
This measures the number of Americans joining the dole queues for the first time each week.
Claims came in at 215,000 last week, and have been broadly flat for about 18 months now.
History suggests that when claims start trending higher, a recession is on the way.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
More pensioners dragged into 60% tax trap – could you be caught?Frozen thresholds are pushing more older workers into paying income tax at levels much higher than the headline rate, new figures show. We look at why and how you can avoid being caught in the 60% tax trap.
-
Higher earners face £377 bill if Reeves puts up income tax – do you fit the Treasury’s definition of ‘working people’?Labour’s election manifesto pledged not to raise National Insurance, VAT or income tax but prime minister Keir Starmer appeared reluctant to repeat the promise this week
